AB SKF (publ) (OTCMKTS:SKFRY) Earns Neutral Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of AB SKF (publ) (OTCMKTS:SKFRY) in a report issued on Thursday morning, The Fly reports.

A number of other brokerages also recently commented on SKFRY. Deutsche Bank Aktiengesellschaft restated a hold rating on shares of AB SKF (publ) in a research note on Wednesday. Royal Bank of Canada reiterated an outperform rating on shares of AB SKF (publ) in a research report on Monday, April 26th. Zacks Investment Research downgraded AB SKF (publ) from a buy rating to a hold rating in a research report on Tuesday, July 13th. Citigroup reiterated a neutral rating on shares of AB SKF (publ) in a research report on Monday, April 26th. Finally, Credit Suisse Group reiterated an underperform rating on shares of AB SKF (publ) in a research report on Friday, April 23rd. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. AB SKF (publ) currently has a consensus rating of Hold and an average price target of $29.00.

OTCMKTS:SKFRY traded up $1.03 during mid-day trading on Thursday, reaching $26.09. The stock had a trading volume of 21,134 shares, compared to its average volume of 15,700. The stock has a market cap of $11.88 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.14 and a beta of 1.36. AB SKF has a 1-year low of $18.15 and a 1-year high of $30.50. The business has a 50 day simple moving average of $26.29. The company has a quick ratio of 1.64, a current ratio of 2.45 and a debt-to-equity ratio of 0.45.

AB SKF (publ) (OTCMKTS:SKFRY) last issued its earnings results on Thursday, April 22nd. The industrial products company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. AB SKF (publ) had a return on equity of 21.28% and a net margin of 8.38%. The company had revenue of $2.37 billion during the quarter. As a group, analysts predict that AB SKF will post 1.79 EPS for the current fiscal year.

AB SKF (publ) Company Profile

AB SKF (publ) provides bearings, seals, condition monitoring, and lubrication systems and services. It operates in two segments, Industrial and Automotive. The company offers products in various categories, such as rolling bearings, mounted bearings and housings, super-precision bearings, slewing bearings, plain bearings, magnetic bearings and systems, industrial seals, automotive seals, lubrication management, maintenance products, condition monitoring systems, power transmission solutions, test and measuring equipment, and vehicle aftermarket products.

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Analyst Recommendations for AB SKF (publ) (OTCMKTS:SKFRY)

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